Xiaomi rose to 338th place on the fastest growing Fortune Global 500.

Xiaomi rises to No. 338 on the Fortune Global 500 as the fastest growing organization in 2021 in the Internet and Retail category. Premium product launch Expansion in international markets and new retail plans drive growth. Xiaomi is on the Fortune 500 list for the third year in a row. This year, Xiaomi is ranked 338, a rise of 84 from 422 the previous year. This growth also places Xiaomi as the fastest growing Fortune 500 company. in the Internet and Retail category as well.

According to Xiaomi’s revenue report, in 2020, Xiaomi’s revenue was 245.9 billion yuan, making it ranked 338 of the 2021 Fortune Global 500 companies. Xiao Mi continued to rise. Especially in terms of revenue and net profit, which is much higher than forecast. Xiaomi’s 1Q21 revenue was 76.9 billion yuan, an increase of 54.7 percent year-on-year.Still at 6.1 billion yuan, 163.8 percent higher than the same period last year. Xiaomi’s growth is a result of its market expansion into the high-end market. rapid growth in the international market and the development of new formats for retail business

Mr. Lei Jun, founder, chairman and chief executive of Xiaomi said, “Compared to past successes, I am more focused on growing our potential. Xiaomi is still a very new company, but it is full of inspiration. I want to sincerely thank Xiaomi’s fans all over the world. It is because of their unwavering support that our Xiaomi is always lively and full of energy. I think this is not the limit of Xiaomi and I am sure that people will be able to see Xiaomi in a stronger and more powerful form in the future. And we will have to reach more outstanding statistics on Fortune. Global next year for sure.”

Xiaomi focuses on core technologies that enhance the user experience. It also helps strengthen the hi-end market with the Mi 10 and Mi 11 family of smartphones. 3 thousand yuan or more In mainland China or from 300 euros or more in the world market The number is higher than 4 million.

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The expansion of Xiaomi’s global market will also contribute to its overall growth rate. On July 16, Xiaomi announced that it was the number 2 smartphone maker in the world, according to a report from Canalys, with a market share measured in smartphone shipments, is 17% higher than Apple. In addition, in the international markets, Xiaomi has a year-over-year growth rate of 300% in the Latin American market. 150 percent in the African market and more than 50 percent in the Western European market Xiaomi’s smartphones are sold in more than 100 markets worldwide, are market leaders in at least 12 markets, are the No. 2 brand with market share in Europe, and are market leaders in Xiaomi’s smartphone market. India for 15 consecutive quarters

When it comes to new retail formats The number of Xiaomi retail outlets has grown exponentially since 2020. As of the end of April 2021, mainland China has more than 5,500 Mi Stores, and Xiaomi has more than 1 Xiaomi stores. thousands of locations around the world Xiaomi is expanding its retail channels to all over the world. Xiaomi continues to invest in research and development. including personnel on an ongoing basis There are many new compensation structures for the R&D team. It also expands the Xiaomi Smart Factory project to Phase 2. Mr. Lei Jun said on the occasion of Xiaomi’s 10th anniversary that “In the next decade Xiaomi will become a new driving force in the manufacturing industry.” Intelligent manufacturing will become one of Xiaomi’s competitive strengths.

In addition to being the market leader in smartphones, AIoT devices and the smart manufacturing industry. Xiaomi is ready to enter the smart electric vehicle market. By the past March Xiaomi has officially announced that it will establish a new subsidiary to manage the smart electric vehicle business, with Mr. Lei Jun as its chief executive. It will invest at least US$10 billion over the next 10 years, with the first investment amounting to RMB 10 million. the

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